Wednesday, August 13, 2008

Asian stocks dropped, sending the region's benchmark index to a two-year low,

Asian stocks dropped, sending the region's benchmark index to a two-year low, after Japan's economy contracted and companies reported weaker profit growth. The MSCI Asia Pacific Index dropped 1.3% to 126.18 as of 11:20 a.m. in Tokyo, the lowest level since September 2006.

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